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. no. 4, ordinance amending the san francisco business and tax regulation code article 12a by amending section 906.5 to priest the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in event that the voters of the city and county of san francisco pass a gross receipts tax. >> thank you victor. we have legislationoff aide to supervisor farrell, catheryn stephanie, welcome. >> good morning, supervisors, cathery stephanie, lengthiest aide to supervisor farrell. what have you before you is clean-up legislationings that follows our payroll tax exclusion legislation that was drafted before the gross receipts ballot language was finalized and submitted. so it was originally drafted and legislation will actually terminate upon passage of the gross receipts tax prior to the end of 2012. of course that is assuming that proposition e does pass on november 6th. this legislation before you amends it, so it no it longer terminates november 6th and allows the exemption to remain in effect for tax years 2012-2015. if the gross receipts tax
with all its red tape and regulations and taxes and union work rules that increase the cost of housing. that would be a better way to get affordable housing, not bringing back this redevelopment agency with its legacy of driving african americans out of the fillmore and they had slated more than half the bay area for redevelopment before they were shut down. >> anything you'd like to add, peter? >> there's a number of assertions from my opponent that are based in a misunderstanding how affordable housing works in san francisco in this particular measure. unfortunately there's not enough time to tackle all of them, but i want to make clear this is not subsidizing middle income home owners. this is going to go primarily for low and very low householders in san francisco. that has always been the programmatic focus because you can leverage funding. we live in a high income market and that is exactly why we have an affordable sector in this city. when it comes it recreating redevelopment, that's a fallacy. it's about recognizing that redevelopment allowed a certain portion of money to
payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers and a green i
that one. you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are
it share the thoughts of your position. >> so proposition a is a temporary 8-year, $79 parcel tax on properties in san francisco. and that money would go directly to supporting city college of san francisco. city college is the largest work force training center in san francisco. we train students. we also help students learn english as a second language and then of course one of our primary missions is to help students, particularly low income and underserved students, move on to 4 year institutions. we serve nearly 100,000 students in san francisco and are a tremendous resource, we think, for san francisco. the last couple years the state budget cuts we faced, $53 million in the last 3 years alone, have really made it a challenge for us to keep our doors open for san francisco students and this proposition a would make a tremendous difference in addressing our fiscal problems right now. >> understood. thank you. starchild, can you present some of the thoughts around the opposition? >> sure. we all believe in people getting an education and having those opportunities be aff
in the united states. it generates $9 million tax revenue a year and the buddhists say in heaven and hell is on everyday. you come into the city, can you go church and come out and go to westportal and get a ticket. i think that is morally wrong and gouging and gouging and eventually it's just bad pr and for the generating 2.5 million dollars on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the notion that we're not going to allow for park
and more taxes? or is our future going to be in less taxes, less regulations and more freedom? i believe in mitt romney. he's the right candidate at the right time to be the president of the united states. [applause] you know in the state of florida we have 820,000 people out of work, people who will looking for work, people who have given up looking for work. we need someone who understands how jobs are created. that individuals create jobs not government that creates jobs. [applause] when mitt romney is president he is going to need another united states senator, republican senator from florida. [applause] how many here have already voted? [applause] and for those of you who wake up tomorrow morning and go vote. after you vote for mitt romney go down the ballot a little more and vote for connie mack. can you do that? there are dig differences between senator nelson and myself. he was the deciding vote for obamacare. i voted against obamacare. [applause] senator nelson has voted for higher taxes 272 times. i voted to cut taxes. [applause] senator nelson voted to gut our military. i vote
, and two-earner families, and people this year very concerned about the increased taxes that we would see come jaber reversed if president obama were to be reelected, as well as the peace -- deep defense cuts of us would impact our area dramatically. george mason's stephen fuller, one of the preeminent economists in the area says the defense cuts could actually cause a recession in virginia and would almost double our unemployment numbers. and va has been very successful in having a low unemployment rate, down 5.7%. but people are very concerned about jobs. jobs are the number one priority and that is what we see people looking at and that is why we are encouraging the numbers and support we are seeing for governor romney this year. host: does your candidate have to win loudoun county to win virginia? have to,don't know we i expect we will. it was only a narrow margin that president obama won loudoun, the last time and it really was an aberration. virginia republicans have been winning loudoun county in 2009 when governor bob mcdonnell won this area, and then in 2010, of course our congre
has paid much attention. but unless nothing is done before january 1st, we are going to see taxes rise on most people because that's the end of the payroll tax cut that president obama and congress agreed to. that also means that the end of the bush tax cuts, not only for people over $250,000 of income, but also everybody else who were to some extent, their taxes were also reduced by the bush tax cut. the alternative minimum tax, that also would kick in. there's no alternative to the alternative minimum tax on the table. so you have the typical family after january 1st seeing a tax hike in the range of $1500 to $3500 for the year 2013. now, i expect congress is going to do something, if it doesn't act before january 1st, it's probably going to act sometime in january and then make what they do retroactive to january 1st. >> all right. looking at the long-term and the short-term. we're going to know what those jobs numbers are tomorrow. great to see you, as always. thank you. >> thanks, thomas. >> so just to point out again, we are awaiting for live remarks from the president as he dise
provide more and more tax benefit to the state. that is where the state should step aside and we could have a uniform regulatory process, lower fees. >> thank you. >> i agree with the senator that public safety is one of the few, in my opinion that the government should have control over in our lives. but i wonder why the senator is a support of the trust act that senator amiano supported that tried to prevent the state from returning illegal aliens who commit serious crimes including gang violence from being deported from this country, that is a public safety issue that all of us who live in san francisco have to deal with every day. so i really question whether one can square one of those statements with the other. i believe in the natural law from john stewart mill and other philosophers that our rights do not flow from the government, the government's rights and the government's rights flow from the citizens. and so the government should have as limited a scope as possible, not and interfere with business and not interfere with our privacy and not spy on us and generally keep the p
with the increase taxes that we would see, do you reversed. as well as the deep defense cuts, which is something that would really impact the area dramatically. george mason and stephen fuller, one of the preeminent economists in our area said the defense cuts could cause a recession in virginia and almost double the unemployment numbers. bridget has been several -- rigid has been scary -- very successful in having a low unemployment rate. jobs is the number one priority. that is why we are very courageous that the numbers of supporters in for mitt romney this year. >> does your canada have to win the county to win virginia? guest: i don't know we have to, i expect we will. it was only a narrow margin that president obama won loudoun, the last time and it really was an aberration. virginia republicans have been winning loudoun county in 2009 when governor bob mcdonnell won this area, and then in 2010, of course our congressman frank wolfe, he is extremely popularhe is of course on the ticket this year. he always wins resoundingly. in 2011, we swept all of the state and local seats here in this y
their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tls president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction suppli sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. >>> lots of damage to assess. the president just spoke after touring new jersey with governor chris christie today. while super storm sandy c
a candidate receive up to 150,000 city tax dollars then spend that money on consultants in walnut creek or in san jose which is being done now? i'm not one of the quarter million dollars candidates but i've raised several thousand dollars, buttons, website, campaign essentials all produced here in san francisco. homelessness and panhandling, when friends visit from out of town they are aghast at the number of people on the streets. some are truly destitute. on the other end of the spectrum, some have homes. compassion, resources and outreach are crucial, but we also need city government to know that we won't tolerate people fighting, stealing, making messes or harassing residents, shoppers and visitors. i applaud the mayor for recently working with police, dph and the courts to institute mandatory treatment for the most chronic and costly individuals. but we also need law enforcement to tell people that they can't rome around town or come in from outside the city to block sidewalks and beg for change. this is a tough topic to tackle without sounding like some uncompassionate right wing
vict troy ten to hundred. there's a movement around ending placic bags in america. increasing the tax to internalize the third party cost of plastic bags. it's almost impossible. >> in maryland. >> yeah. in changes in individual cities. in the way you win the nationalist is winning by the local. a 13-year-old who has a eighth grade project starts a campaign asking to pass the plastic bag tax. gets a state law passed in the state of illinois to make it illegal to pass the plastic bags taxes. she respond to veto the bill. and after getting more than 100,000 people to join. huge media narrative. the governor calls her on the home phone about a month ago and says i've seen your campaign. i'm going veto the bill. in response you have all the young girls that are starting campaigns around the country in their townings trying to -- you don't win the vict you start the single up with. >> so the -- that does -- you were describe it asking aggravating -- dow see a way to tackle some of the bigger issues you would be concerned about? how does this, for example, translate in to climate change. on
? >> the tax policy for the u.s. -- there is no reason why good tax policy at the federal level in combination with getting dollars here would help bring jobs back to this district. i do not see anything wrong with that. >> is it futile to expect a congressman to be able to increase and women's in his home state other than your efforts to bring home the federal bacon? the grants? >> part of the work of congress is to work with the delegation to bring resources. we have brought over $100 million, working together to bring federal money. there are things we can do. i serve on the small-business community in the house. we have to focus on issues like access to capital for small business. we have to continue with regulatory reform. i have put forth an important engine to called making america, a set of bills to rebuild profiling manufacturing, american manufacturing, and tax breaks shipping overseas. stop the chinese from cheating in their currency to level the playing field. infrastructure. we need to rebuild our roads, bridges, ports, transit systems. we need a modern version of the wpa. if we w
and tax collector and obtain a bond that means the city has the exclusive beneficiary. that's something that we need to happen to protect the city. the bonding requirement is there for that very purpose to safeguard the city in case an operator fails to remit the taxes and collects on behalf of the city. the bonding requirements currently range from 20,000 to $800,000 depending on the annual gross receipts from the parking station. since these bonding rates were passed, the financial crisis has made it quite difficult for certain operators to get a large line of credit without actually owning significant assets. this has disadvantaged in particular many small parking operators who do not have sufficient capital to obtain the necessary bond. it has also impacted larger operators who have operated in good faith and have a proven record of responsible third-party tax collection. so, in order to continue to protect the city -- so, we essentially have to strike the right balance between requiring the bond, but also recognizing the challenges that some of these operators face. and in order to
to taxing gun owners for health care costs. >> the president's david axelrod betting his own mustache on a win in minnesota. he might not want to see the polls. ♪ [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. can you help me with something? nope! good talk. [ male announcer ] or free windows training when you buy a computer at staples. anotheway staples makes it easier to upgrade. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or
of appearances. i'll tell you, the crowd behind me is getting excited, ashleigh, because air force one is taxing over towards us where president obama is going to be coming out shortly and making his remarks. yes, paul ryan has been an asset to governor romney. it's why some are saying the race here has been pretty tight, although there is a small lead, a consistent lead, for president obama. today we saw "wall street journ journal" nbc news poll, three points up the president is here in wisconsin. yesterday there was a poll in milwaukee, a marquette university poll that had the president up by much more, eight points. you talk to the obama campaign, they'll point to that marquette poll and they'll say it's more accurate. it seems likie internal polls ae in between the two. the bottom line, while he has a lead that is significant, you have to pay attention to it, it's not quite comfortable. that's why you're seeing president obama here today. we saw joe biden here last week. but paul ryan was here yesterday. mitt romney will be here tomorrow. bill clinton last night and this morning. there is a
. but when you look those earnings exxon paid 7.$3 billion of federal income tax. 8.65 billion of taxes but the total bill over $24 billion. 2.5 times more than what it kept and profits. the treasury market caution ahead of the unemployment report with the yield rising at 1.7%. the stock market back in business after hurricane sandy. the victory lap that both candidates took yesterday may have been far too early especially new jersey and new york struggling to restore power. working hard to get recovery efforts they would like help but essential services, food shortages, polluted drinking water. the pictures of themselves slapping each other on the back is not appreciated by those who have yet to see any evidence of what they are deprived of. the death toll has risen at 88 homes and businesses remain without power. yorkers have some relief as some sections of the subway system resumed but commuters are still struggling with limited service. automobile travel still a nightmare the major tunnels are still closed the airports are operating at reduced capacity. with those hardest hit areas
tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany will pay out billions of tax reimbursements to foreign companies. that is in order to comply with a ruling from the european court of justice. >> the court found that foreign stockholders in germany paid too much in taxes on their dividends and ordered germany to rectify the situation. the payments are set to cost the treasury at least 3 billion euros. >> the german economics ministry has confirmed media reports that european and north african countries have begun negotiations on a mass of solar energy project in the sahara desert. >> the desert tech project would see solar energy produced in north africa and exported to europe. according to a german newspaper, a treaty could be signed by early next year. the first solar farm would be built in morocco. >> could the saharan son soon be powering europe
about the electric sportscar funded with your tax dollars. >> remember the video of if is kerr karma going up in flames? there are reports hurricane sandy sparked fires in about 16 of the hybrid cars. they say they burned to the ground in new jersey after getting submerged in water. the auto maker says it is investigating. if if is kerr had a $25 million loan guarantee by the obama administration. >>> they have done more to help immigrants than americans. that is a report that will be given by the center fof immigration studies. 2 out of 3 million jobs went to legal and illegal immigrants. >>> hurricane sandy wiping out entire towns along the jersey shore. this is a look at the boardwalk in atlantic city. look at the before and the after. after sandy hit and before. many people at a loss for words of what was done to their homes and now they must rebuild along the jersey shore. at least 50 feet of the historic boardwalk taken out initially. jennifer davis is live with a look at the damage done there. >> good morning to you. it very much feels like there's a state of emergency in new
is the tax director is scheduled to go live in november, which means we will follow within a few weeks after that. this is scheduled for the last week of november for the tax collector. we did receive the hardware, the cash drawers on the units, so they are going to be installed shortly and then the training is scheduled for sometime in december. on the tablet pc's, we deployed a few tablets for the field inspectors, we did receive feedback for the service provider. we are gathering feedback and will be presenting options to make it better and possibly even a better service provider option to our director and deputy director in the next week, i would think. on the southern project, it's going fine. actually, we had a site survey from the contractor team and the architecture design team and they are putting the drawings together. hazmat survey was performed and wae do have a report on that, too. >> commissioner comments? seeing none, thank you again. >> thank you. >> is there any public comment on item 8a through district of the director's report? seeing none, item 9, commissioners questio
in stafford county. manhunt underway for a man making pipe bombs and using them in a tax. lauren spierer accused of three peoplee attacks against with close ties to law- enforcement. brianne carter is live in latest on thethe search. using a pipe bombs in .ttacks >> authorities are still aggressively searching for the virginia state alert for thean they believe is armed dangerous. a multistate man want is ongoing old, nowr the 25-year- charges after out of three pipe bomb attacks. >> of violent crime like that, never had that around here. it's early tuesday morning april pipe bomb into a fredericksburg home, blowing a hole in the rules. the alleged crime spree continued in stafford where he bombed two more homes. investigators believed two of incidents target in stafford county , virginia state issued a blue alert, a suspect targeting law-enforcement. >> this guy is extremely dangerous. we believe he has explosive devices and is traveling with. >> this man lives down the from one of the targeted homes. >> i heard a loud bang while i was sleeping and it woke me up. >> on a website belongi
the sales tax a quarter cent and state income tax for those making more than $250,000 a year funneling $6 billion into schools and universities. and it looks like support is rising. it needs more than 50% to win. three weeks ago, only 45% of voters said yes. and there was a huge number of undecided ones. well, now it looks like the governor's initiative has enough to eek it out with 51% planning to vote yes. >> let's see how two ballot measures measure up. >> reporter: the new numbers look grim for the competing measure 38. it would raise state income tax for almost all californians for schools and preschool programs. the latest poll shows it's losing with 55% saying no. how do californians feel though about the death penalty? the newest poll shows they want to keep it. 51% said they would vote no on proposition 34 which would uphold the death penalty. 41% say they will vote yes which would prohibit the death penalty and replace it with life in prison without parole. food labeling has become a hot button issue. prop 37 would require companies to label processed food made with genetically
supporter of the park merced project which ties into how we can increase our tax base income. you turn around and create opportunity. the government cannot create opportunity. the development will create opportunities which will bring employment in. it will bring businesses in and it will turn around and increase our tax base and it has to come from the private sector and i believe the project is a very good project and i support it. >> thank you sir. mr. yee. >> here are my two criterias when it comes to housing. i believe in reasonable growth and i believe in healthy robust community process, so here we are. we just developed something in our district on ocean avenue and we had a healthy discussion around the avalon development. broke ground. no protests. people agreed on it. felix circle we had a healthy discussion and we will have additional housing there too. i was just up on crest mount drive. there is controversy over there whether this is reasonable or not and i don't think the developer who is have presented the project is reasonable, but the neighbors in seem to
to also look at ways to raise revenue, that is why i am in support of our governor's tax measure because it brings critical funding to schools. that is why i am supportive of making sure that we are cleaning out and becoming more efficient through what i have done through office and to make government much more receptive and efficient. >> that leads into the question about civic engagement. it is critical that people are engaged to have a safe, strong and vibrant state. what have you done and what will you do to encourage the kind of participation that you are talking about. >> i think that transparency and disclosure are some of the main reasons that we have so little citizen participation, that is one of the reasons that i started up we stand san francisco it is an on-line society to engage citizen and order people to get more involved in government so that we cannot just have a conversation here, where people could make it, if people could be part of that conversation on-line, just like all of the folks at the richmond senior sen center, so they can participate. i think that what is
to fill potholes. you know, we paid to fill those potholes twice. first in taxes and then a bond. but do you think our streets are twice as good? we need accountability for our money. we also need common sense. i know common sense is a buzz word, but people are hungry for it. i love john stewart in the daily show, but san francisco has to stop giving him such easy material for his jokes. if you're tired of city hall not focusing on the basic, if you're tired of your house being the city's atm and if you're tired of the same old politics and the same old choices, i offer you an independent choice for supervisor. i'll be your advocate. if you're like me, you want san francisco to be an off beat tolerant and fun. but you also expect a functioning city that buses run on time, potholes get paved, and city programs are held accountable nor how they spend our money. i'll be your common sense supervisor. the reality is we need to raise revenue and cut spending. we can't pretend we're immune to what's happening 100 miles away in stockton which is going bankrupt on pensions. we have to face the re
it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in wisconsin, iowa, ohio, we respect that and we want that from our leader. >> and one last quick one. i'm not going to ask you about ohio. everybody does and i'm not. i want to though about iowa. rasmussen likely voters today. romney 49, obama 48. i don't think the republicans have carried iowa since 1492. can you actually win in iowa? this could be huge. >> i think so. i just -- on a person a note, i was born in colorado springs, i lived in iowa until i was in third grade and spent the rest of my life in the great state of wisconsin. i lived in now 00 third of all the battleground states in america. and
, perhaps, in damages. that's an extreme weather tax that's going to have to be paid rather than trying to avoid the worst consequences, which would be a much better pathway. >> there are other politicians who have brought this up. let me play a couple clips from the last few days. >> anyone who says there's not a dramatic change in weather patterns i think is denying reality. i would like to say that this is probably the last occurrence we will have. i don't believe that. >> what is clear is that the storms that we've experienced in the last year or so around this country and around the world are much more severe than before. >> so if this is just the start, if it's going to be more of the same, what is your priority short term, and what do we need to be looking at long term? >> well, the american people, they're concerned about mother nature. the republicans, mitt romney, they're concerned about the oil companies that are largely fueling the independent expenditures which are going into this presidential race. this frames the election on tuesday very well. on the one hand, mitt romne
in sharp relief. on one hand, tax cuts for the wealthiest. on the other hand, disaster relief for you and your family when you need it. very clear. i want to tell you that my heart goes out to the people in new york and up and down the atlantic seaboard. i don't doubt that the republicans care about our fellow americans too. but it's not just a matter of private charity. government has to be a part of this. government has to play an important role, and i think that this is a decision point. you know because people might say it's not right to make politics out of this, but let's face it, we're making a political decision in a few days and this is exhibit-a in which way this should go in my mind. >> eliot: it's about the debate in the role of government. >> right. >> eliot: this is what we should be doing, in context of this that frames what the are. as you pointed out private charity cannot deal with the enormous arm of suffering nor can charity build the infrastructure that we need to prevent it, whether it's a levy or subway system, and the republicans will be cutting left right and
support for the governor's tax measure as slipped below the majority needed for passing. 38% say they will vote no. back in july the measure had 54% support. a competing tax measure, 38 is also losing. 34% say they will vote yes. . >> thousands of nurses are scheduled to walk out of local hospitals tomorrow in a one day strike. picketing starts at seven at hospitals in alameda, and solano. the california nurses association is striking over a contract dispute that includes issues of sick leave, retirement and patient care . >> five and a half million people are without power in 15 states on the eastern seaboard because of sandy. john fowler is here now with the devastating toll and the promises of help. >> in the last few minutes the unofficial death toll rose to 66, thousands homeless, new jersey's governor today praised working with the president on disaster relief. the president toured the devastated new jersey coast late today. he declared new jersey and new york federal disaster areas. >> we are here for you and we will not forget. we will follow up to make sure that you
, income tax returns were targeted in the largest cyber attack against the state tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champion. he won on the 399th hand of texas hold 'em, collecting more than 8.5 million bucks. and nice bling, a gold championship bracelet that's worth $150,000. not even a smile. >>> and now a look at how wall street begins this thursday after sandy forced a shortened week of trading. the dow closed at 13,096 after losing ten points yesterday. the s&p was up a fraction, but the nasdaq lost ten. taking a look at overseas trading this morning, the nikkei gained 18 points, while in hong kong, the hang seng climbed 180. >>> markets ended october lower, but there is good news. they're all way up for 2012. the dow slid 2.5% last month, but it's up more than 7% this year. the broader s&p down 2% in october added 12.5
visit in one week. prop 30 asks voters to approve temporary tax hike on incomes over a quarter of a million dollars a year. sales tax hike for the next four years. brown says the revenue will prevent six billion dollars in cuts to state funded schools. the latest numbers show prop 30 support dropping since september. >>> president obama dives back into campaigning after three days immersed in leading response to sandy. president obama and mitt romney are locked in a tight contest both campaigns predicting victory. >> reporter: the action picks up again with both on the trail. president obama visits wisconsin, nevada and colorado for his first campaign event since sandy hit. mitt romney will be in virginia today he stumped in florida wednesday and never criticized the president. >> we can't go on the road we are on and change course if we keep on attacking each other. we have to come together and get america on track again. >> reporter: the race is still a dead heat. poll shows candidates tied among likely voters at 49%. that same poll found americans rate president obama's resp
to talk about job creation and taxes. no matter who you talked to, these seem to be on the mind all across the country. what is the plan here? how folks are going to get back to work. >> short-term, invest in infrastructure. that's why i fought so hard for rail. light rail and other key passenger rail and freight rail projects. second, we got to win the brainpower race. my main belief is win the talent race, win the economic race. prek, k-12. and level the playing field for small businesses. so many small businesses, pay federal corporate income tax. we have to level the playing field. if you do those things, you grow the economy and figure out the right way to get our budget in balance. there's a right way to do it and a wrong way to do it. we have different approaches. >> in the last 30 seconds and i will carry this over but the tax issue. that is the big elephant in the room. there's that ad out the $17,000. >> which everybody has debunked. let the bush tax cuts expire for people who make more than $500,000. if you let that tax cut expire over $500,000, you raise $500 billion over the n
from taking control of the opposition group. >>> in south carolina income tax returns were targeted in the largest cyber attack against a state tax department in american history. more than 3 million social security numbers were compromised along with more than a million businesses and personal credit and debit cards. >>> jerry sandusky, the former penn state assistant football coach and convicted child sexual predator has been transferred to a super max security prison near pittsburgh where he'll serve his sentence of 30 to 60 years. >>> and the new world poker champ is a 24-year-old recovering drug addict and college dropout. greg merson of maryland is the new champ. he won on the 399th hand of texas hold 'em. look at that. collecting more than $8.5 million and a gold championship bracelet that's worth 150,000 bucks. looking cool with that stack of cash there. >>> and now a look at how wall street begins this thursday after sandy forced a shortened week of trading. the dough closed at 13,096 after losing ten points yesterday. the s&p was up a fraction but the nasdaq lost ten. 13,
put forward a carbon tax plan early in the administration, but that ended up floundering in congress -- put forward a carbon cap plan. he has done other things in terms of increasing auto fuel efficiency, things in terms of back door, policies, but he clearly has not taken on this problem the way he had promised to back in 2008. >> you have written about the need for more research into climate change so that we can understand where these storms come from, but also more comprehensive response from america in terms of dealing with its infrastructure. we have seen the infrastructure problems caused by hurricane sandy. >> that is clearly true. you have 3.7 million americans who live within just a few feet of high tide. those are the people who are always vulnerable when you have a big storm like this one. you have new york city youth -- losing huge parts of its infrastructure, losing electrical service, losing subways because they were flooded. it is not just a matter of trying to prepare in the sense of being able to respond to the storm, but thinking about how we build cities and elect
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